By Miekayla Stace
People who expose corrupt actions have entitlement to protection so that under no circumstances can an employer cancel them
The government has made sure that laws are passed to guard American citizens who do the decent thing. In several cases under qui tam law people who expose corrupt actions are also entitled to protection so that in no circumstances can an employer end, postpone, demote, harass or threaten someone who has exposed the company to bribery.
If this happens then the whistleblower has entitlement to seek financial damages that might prove dear to the company. If you believe you have revealed a violation of the FCPA, you should chat to an experience work lawyer instantly. Learn if you've got a case and what your next steps should be.
History of the Foreign Corrupt Practices Act of 1977
The Foreign Corrupt Practices Act was implemented by the then president Jimmy Carter in 1977 after an investigation into illegal payments. The looking into panel (the US Securities and Exchange Commission) found that over 400 top US corporations admitted that they made illegal or at the very least debatable payments to foreign political parties, foreign regimes and foreign officials to the tune of over $300 million.
These abuses ran the entire range of illegality and included bribery of foreign officials to prompt some form of favorable end result to something known as facilitating payments. These payments were made to ensure that government bodies turned a blinkered eye to certain clerical or ministerial commitments that might otherwise have been necessary.
2 famous bribes came first from the aerospace company Lockheed in which they paid foreign executives to favor their products therefore creating a rosy future for the company (even tho unlawfully). The second bribe came from the company Chiquita Brands World who were one of America's biggest importers of bananas and tropical fruits. It comically came to be called the "Bananagate" ' scandal when it was leaked the company executive bribed the then Honduran President Oswaldo Lopez Arrellano to the total of $2.5 million so that he would lower taxes.
The government has made sure that laws are passed to guard American citizens who do the decent thing. In several cases under qui tam law people who expose corrupt actions are also entitled to protection so that in no circumstances can an employer end, postpone, demote, harass or threaten someone who has exposed the company to bribery.
If this happens then the whistleblower has entitlement to seek financial damages that might prove dear to the company. If you believe you have revealed a violation of the FCPA, you should chat to an experience work lawyer instantly. Learn if you've got a case and what your next steps should be.
History of the Foreign Corrupt Practices Act of 1977
The Foreign Corrupt Practices Act was implemented by the then president Jimmy Carter in 1977 after an investigation into illegal payments. The looking into panel (the US Securities and Exchange Commission) found that over 400 top US corporations admitted that they made illegal or at the very least debatable payments to foreign political parties, foreign regimes and foreign officials to the tune of over $300 million.
These abuses ran the entire range of illegality and included bribery of foreign officials to prompt some form of favorable end result to something known as facilitating payments. These payments were made to ensure that government bodies turned a blinkered eye to certain clerical or ministerial commitments that might otherwise have been necessary.
2 famous bribes came first from the aerospace company Lockheed in which they paid foreign executives to favor their products therefore creating a rosy future for the company (even tho unlawfully). The second bribe came from the company Chiquita Brands World who were one of America's biggest importers of bananas and tropical fruits. It comically came to be called the "Bananagate" ' scandal when it was leaked the company executive bribed the then Honduran President Oswaldo Lopez Arrellano to the total of $2.5 million so that he would lower taxes.
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What is meant by the Foreign Corrupt Practices Act? Read on the article of Miekayla Stace regarding this and the way to report fraud.
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